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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory

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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 350 80 110 Unit Cost $3.40 3.60 3.70 Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round your per unit costs to 2 decimal places.) Welghted Average - Perpetual Goods purchased Cost per Date un Inventory Diance of Cost of Goods Bold Cost per cost of Goode Sold Cost per unt of units sold Balance 350 a $340 $1,500.00 January 1 January 80 a $3.60 asol @ $ 3.40 - Boa s 3.50 4301 $1.190.00 288.00 51.478.00 Average com January 25 110 $ 3.70 @ 3.70 Average 1 160 150 January 26 Total

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